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Read this: Axe is poised over ITVs 1billion budget as recovery plan is threatened by advertising revenue slump | Mail Online

Summary: Since arriving at the company at the beginning of last year, Grade has maintained that ITV's continued high level of investment in programme production is vital to its long-term performance. The broadcaster is now aiming to save 10million in addition to the 40million it announced that it would save earlier this year through the loss of 1,000 jobs --nearly 20 per cent of its workforce. Meanwhile, BSkyB says it will create an additional 90 call centre jobs at its base in Isleworth, west London. - link

Axe is poised over ITVs 1billion budget …

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